Net Zero Finance: How financial firms can set science-based climate targets

BusinessGreen staff
clock • 1 min read

VIDEO: SBTi's Nate Aden and Schroders' Stephanie Chang chat to BusinessGreen's James Murray about how financial sector should go about setting stringent financed emissions goals

Companies right across the financial sector - from banks, investors, financial institutions and pension funds - are facing growing scrutiny over the carbon impact of not just their core business, but their entire value chains of investments, financial support and loan books.

Increasingly, financial firms are therefore under pressure to firstly measure and disclose their emissions footprint, and then to use that information to set credible targets to decarbonise their financial portfolios via independent certification schemes, such as the Science-Based Targets initiative (SBTi), which has recently launched a new net zero target standard.

Yet while deeply urgent and necessary to drive down emissions from financial portfolios over the next decade and beyond, doing so is an immensely challenging and complex process, and most of the sector is only at the beginning of the journey, if indeed it has even started.

At BusinessGreen's recent Net Zero Finance summit, which took place online in March 2022, Nate Aden, senior associate at the SBTi, and Schroders' head of ESG integration Stephanie Chang both spoke to BG editor in chief James Murry about how companies can and should start on their science-based climate target journey.

Their fascinating and resourceful conversation can be watched back in full again above.

All of the sessions from the Net Zero Finance Summit. which took place virtually in March 2022, are available to watch back on demand for delegates signed up to on demand. More details are available on the event website.

Schroders and the Science-Based Targets initiative are partners of the Net Zero Finance summit.

More on Investment

Global Briefing: Denmark confirms loss and damage funding pledge

Global Briefing: Denmark confirms loss and damage funding pledge

James Murray
clock 23 September 2022 • 8 min read
Credit: Simon Dawson/Number 10

'Legal and environmental folly': Is a backlash already brewing over the government's fracking and deregulation drive?

Plans to lift ban on fracking and curtain legacy EU environmental laws and regulations announced today risk backlash from some of the government's own MPs

Cecilia Keating
clock 22 September 2022 • 8 min read
Liz Truss makes her first address as PM on 6 September | Credit: Number 10, Flickr

Aldersgate Group Manifesto: Government urged to double down on net zero to tackle energy crisis

Business group argues ambitious climate and environmental policies could solve energy crisis, drive investment, and help the UK lead the net zero transition

clock 22 September 2022 • 8 min read